KangaNews, the comprehensive fixed-income information service for Australia and New Zealand, acknowledged the company for the success of their issuance programme and more specifically the MTF Opala Trust 2023 through their annual awards as voted by market participants in the Australian and New Zealand debt markets.
MTF Finance CEO Chris Lamers says, "The Opala Trust 2023 stands out as a noteworthy milestone, as it was a pivotal securitisation transaction in the New Zealand market. Issued by the MTF Finance team in March 2023, just before the market turbulence caused by the collapse of multiple banks in the United States, the team had to make adept adjustments, showcasing resilience in MTF Finance's business model."
Added Lamers, "Adapting to significant shifts in market conditions, we innovated and implemented structural changes in response to investor feedback. Notably, we reduced the revolving period to 18 months, shortening the tenor of the securities. This new trust marks the continuation of a series of market leading transactions, totalling $1.58bn in issuance of asset-backed securities since 2012."
MTF Finance Head of Treasury and Funding, Fraser Wilson, says, "The agility evidenced by this structural change reflects MTF Finance's dedication to meeting market demands and signals our intention to issue securities on a more regular basis."
Added Wilson, "MTF Finance's success is a testament to its enduring relationships with repeat investors. Many of these investors have been actively involved in MTF Finance transactions since 2012, attesting to the trust and confidence placed in the company and its funding programme. As MTF Finance forges ahead in the securitisation market, the Opala Trust 2023 stands as a testament to the company's adaptability, strategic vision, credit quality of its underlying assets, and unwavering commitment to meeting the needs of its investors."
Contact:
Fraser Wilson
Head of Treasury and Funding
MTF Finance
About MTF Finance
Established in 1970, MTF Finance is 100% Kiwi-owned and one of New Zealand's most trusted finance companies.
We provide innovative finance solutions to New Zealanders through our 53-strong franchise network, vehicle dealers and partners such as Trade Me. This approach has helped us grow into a business with over $1B in assets.
We are launching new products and partnerships while staying true to our core: that we are people helping people, powered by a world-class funding system.
MTF Finance is listed on the NZDX.
About KangaNews
KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets. Our products include a magazine (six issues per year plus bespoke supplements), an email news and trend service (KangaNewsAlert), www.kanganews.com and events.
Since their inception at the end of 2007, the KangaNews Awards have been based purely on the votes of market participants. KangaNews does not employ an awards committee or ask for awards pitches. Instead, it conducts thorough and intensive polling of those involved in the Australian and New Zealand debt markets.
The majority of the KangaNews Awards are for longstanding categories, in many cases dating back to the first ever iteration of the process. The first KangaNews Awards 2023 announcement covers awards for institutions and transactions.
